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Insurance news

Insurance conference at Howden’s London office met with protests

Inside the conference, protesters interrupted proceedings with speeches and theatrical performances, presenting testimonies from individuals affected by climate change. Outside, a model of a green sports car, designed to appear as though sinking into floodwaters, was displayed as a symbol of the perceived consequences of fossil fuel investments. 

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Howden consolidates several Birmingham offices

The Birmingham office, it stated, will provide a range of insurance solutions, including personal insurance, business insurance, health insurance and employee benefits. It also specialises in sectors such as sports, rail infrastructure and gun trade insurance. Howden has expanded in Birmingham through organic growth and acquisitions, including those of Jobson James Rail and Guncover. 

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FCA raises concerns about Abacus Insurance’s operations

Last November, the FCA banned former director of Inspire Insurance Services, Leigh Mackey, from working in financial services for financial misconduct and misleading regulatory authorities. Mackey was accused of misappropriating funds owed to insurers, as well as failure to conduct mandatory client asset audits over a period of four years. 

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AM Best stabilizes SCOR SE ratings

The financial toll of these adjustments was clear in SCOR’s nine-month results for 2024. The L&H segment posted a €467 million loss, dragging the company’s overall net income for the period to a loss of €229 million. Despite this, strong technical performance in property and casualty reinsurance, as well as robust investment income, helped soften the blow.

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McLarens names Gavin Jackson to lead Lloyd’s & London market team

In his new role, Jackson will oversee a team focused on developing McLarens’ long-standing presence in the space. He will prioritise expanding claims solutions, particularly in the delegated claims authority sector, and within McLarens’ specialty divisions, including aviation, construction and engineering, crisis management, marine, natural resources and FAJ & Specie.

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WTW examines global pay trends

According to WTW’s “Pay Effectiveness & Design Survey,” businesses are increasingly updating compensation models in response to regulatory requirements, environmental, social, and governance (ESG) priorities, and changing employee expectations.

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